FX.co ★ Saudi Arabia Wholesale Prices Rise at Slower Pace

Saudi Arabia’s annual wholesale inflation eased to 2.9% in January 2026, down from a 15‑month high of 3.1% in December. Price pressures moderated for food products, beverages and tobacco, and textiles (0.3% vs. 0.5% in December), as well as for other transportable goods excluding metal products, machinery and equipment (4.9% vs. 5.7%). Prices of ores and minerals remained weak, though the rate of decline slowed (-0.1% vs. -1.0%). By contrast, inflation picked up for agriculture and fishery products (4.2% vs. 3.6%) and for metal products, machinery and equipment (1.2% vs. 1.1%). On a monthly basis, wholesale prices rose 1.5%, reversing a 1.0% drop in December.